Kurt James Wolf Sells 389,161 Shares of Pitney Bowes (NYSE:PBI) Stock

Key Points

• CEO Kurt James Wolf sold 389,161 Pitney Bowes shares on May 8 at an average price of $15.69, totaling about $6.1 million. After the sale, he still owned 363,853 shares, representing a 51.68% reduction in his position.
• Recent insider selling has been heavy, with Wolf also selling large blocks on May 7 and May 6, plus additional sales in April and February. The article highlights a series of multimillion-dollar transactions over the past few months.
• Despite the insider sales, Pitney Bowes has shown solid operating and market performance: the stock traded near its 52-week high of $15.95, recent earnings met EPS expectations and beat revenue estimates, and analysts’ sentiment remains mixed with a consensus rating of Hold.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 389,161 shares of Pitney Bowes stock in a transaction on Friday, May 8th. The shares were sold at an average price of $15.69, for a total transaction of $6,105,936.09. Following the completion of the sale, the chief executive officer owned 363,853 shares of the company's stock, valued at $5,708,853.57. This represents a 51.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kurt James Wolf also recently made the following trade(s):

• On Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The stock was sold at an average price of $15.59, for a total transaction of $9,310,722.16.
• On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The shares were sold at an average price of $14.58, for a total transaction of $14,092,459.38.
• On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The stock was sold at an average price of $11.14, for a total transaction of $444,697.66.
• On Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The shares were sold at an average price of $11.06, for a total value of $1,772,796.34.
• On Wednesday, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00.
• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.30, for a total transaction of $1,545,000.00.

Pitney Bowes Price Performance

Shares of NYSE PBI traded up $0.11 during mid-day trading on Friday, reaching $15.69. 3,083,475 shares of the company's stock traded hands, compared to its average volume of 2,844,442. The business has a 50-day simple moving average of $11.94 and a 200 day simple moving average of $10.87. The stock has a market cap of $2.25 billion, a P/E ratio of 15.23, a PEG ratio of 0.96 and a beta of 1.64. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $15.95.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $477.41 million for the quarter, compared to analysts' expectations of $471.83 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. Equities research analysts anticipate that Pitney Bowes Inc. will post 1.58 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 18th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Pitney Bowes's payout ratio is presently 34.95%.

Key Headlines Impacting Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Sidoti raised several Pitney Bowes earnings estimates for 2026 and 2027, including full-year FY2026 and FY2027 forecasts, signaling improving profit expectations. Sidoti analyst estimate updates for Pitney Bowes
• Positive Sentiment: Pitney Bowes was added to the Zacks Rank #1 (Strong Buy) momentum list, which may draw trader and momentum investor interest. New Strong Buy Stocks for May 8th
• Positive Sentiment: Another Zacks note highlighted PBI as a possible near-term surge candidate, citing solid earnings estimate revisions. Why Pitney Bowes Might Be Well Poised for a Surge
• Positive Sentiment: The company’s recent earnings results were solid, with adjusted EPS meeting expectations and revenue coming in above forecasts, reinforcing the case for better fundamentals. Pitney Bowes Q1 2026 Earnings Transcript
• Neutral Sentiment: Yahoo Finance also published a piece asking whether the current valuation already reflects Pitney Bowes’ strong multi-year share price performance, suggesting debate about upside versus full pricing. Is Pitney Bowes Pricing Reflecting Its Strong Multi Year Share Price Performance
• Negative Sentiment: There was also a report framing PBI as trading lower earlier, likely reflecting short-term profit-taking or mixed market reaction to the news flow. Why Pitney Bowes stock is trading lower today

Wall Street Analysts Forecast Growth

PBI has been the subject of several recent analyst reports. Citizens Jmp upped their target price on Pitney Bowes from $13.00 to $14.00 and gave the company a "market outperform" rating in a report on Friday, April 17th. Weiss Ratings lowered Pitney Bowes from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, April 24th. Bank of America began coverage on Pitney Bowes in a research report on Tuesday, February 17th. They issued an "underperform" rating and a $9.00 price objective on the stock. The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a research report on Friday. Finally, Citigroup reiterated an "outperform" rating on shares of Pitney Bowes in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.30.

Institutional Investors Weigh In On Pitney Bowes

A number of hedge funds have recently modified their holdings of the stock. Longview Financial Advisors Inc. purchased a new position in Pitney Bowes in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock valued at $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company's stock valued at $40,000 after buying an additional 2,459 shares during the period. UMB Bank n.a. lifted its position in shares of Pitney Bowes by 404.6% during the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock valued at $43,000 after buying an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Pitney Bowes during the 2nd quarter worth $51,000. Institutional investors own 67.88% of the company's stock.

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company's core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.